Monthly Archives: April 2020

Coinbase: Crypto Crash Created Rare Opportunities for Savvy Traders

Coinbase identifies derivative arbitrage and stablecoin speculation opportunities created amid the recent crash. Despite the volatility of the March 12 – 13 crypto market meltdown, Coinbase has identified several unusual methods through which traders were profiting amid the chaos. The crash saw rare profits being generated through ‘crypto-and-carry’ derivatives arbitrage, stablecoin speculation, and the failure of MakerDAO’s auction protocol. Derivatives arbitrage through ‘crypto-and-carry’ trades Coinbase asserts that the sudden flip in market sentiment from bullish to bearish created opportunities for derivative arbitrage through “crypto-and-carry” trades. With the […]

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Bitcoin Could Become Like ‘Prison Cigarettes’ Amid Deepening Financial Crisis

Academic & economist John Vaz believes economic mismanagement could result in BTC functioning like cigarettes in prison amid financial crisis. In an interview with Cointelegraph, John Vaz, economist and academic at Monash University, asserts that the outlook for Bitcoin (BTC) and cryptocurrency is dependent on the response from governments to the current economic crisis. John also emphasizes the importance of wider adoption and acceptance of cryptocurrencies, likening Bitcoin’s possible role as a money commodity in the context of deepening economic crisis to cigarettes in prisons. Bitcoin will […]

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Bitcoin Shaky, Dorsey Donates, CoinMarketCap Attacked, Royal Scam: Hodler’s Digest, April 6–April 12

Bitcoin drops to a key level, Jack Dorsey pledges $1 billion to fight the coronavirus, and how blockchain is being used to fight fake news in the age of COVID-19. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin price drops to key level as 100% rally since crash looks […]

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Are Bitcoin Cash Miners Driving Up the Price of Bitcoin?

Bitcoin appears set to experience an explosive price run in the short term as miners drop Bitcoin Cash for the real Bitcoin. Bitcoin (BTC) price has been a sight to behold over the last week. After successfully breaking through the resistance of $7,200 on Monday, April 6, all eyes were on the leading digital asset to hold $7K as fresh support, but as soon as the weekend was upon us, the price fell through this floor finding a new temporary bottom of $6,750. So are these weekend […]

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Will Blockchain Technology Be Used to Build Evil Social Credit Systems?

The global coronavirus pandemic has revealed the necessity of decentralization to avoid the world becoming a true dystopian nightmare. As much as I believe that blockchain technology has the potential to solve many of the problems humanity faces today, I also fear what can happen if blockchain technology is used to take away the privacy and rights of individuals. Do you want to live in a world where every purchase you make and every interaction you have with others is recorded, documented and unchangeable? What about a […]

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80 Banks Charge Negative Interest Rates as Crisis Deepens in Germany

Amid the coronavirus pandemic and deepening financial crisis, the number of banks charging customers negative interest rates in Germany has accelerated. At least 80 banks now reportedly charge negative interest rates, 16 of which apply this policy to even small deposits. Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed Increasing Number of Banks Charging Negative Interest Rates in Germany The Germany banking sector is facing a tough time as the number of covid-19 cases continues to surge. New data released by […]

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Bitcoin Price Surges to $7,200 — Here’s What Top Traders Think Is Next

Sentiment among top Bitcoin traders remains mixed after BTC surged 5% to reach the $7,200 resistance level. The sentiment of top traders on the short-term trend of the Bitcoin price remains mixed after BTC surged by more than five percent within less than six hours from $6,840 to $7,200. Some prominent traders believe that the Bitcoin price could range between $7,700 and $7,300, grinding upwards to the low-$8,000 region. Others foresee a steep rejection in the $7,700 to $7,900 range, which has been a historically strong area […]

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Judge Threatens to Nix OneCoin Suit After Plaintiffs Miss Multiple Deadlines

US judge threatens to throw out $4B class-action suit against OneCoin after its lead plaintiff failed to meet multiple deadlines. U.S. District Judge Valerie Caproni has scheduled an April 16 hearing for the representation of the plaintiffs’ in a class action suit against the $4 billion crypto Ponzi scheme, OneCoin, to justify why the case should continue. The date was set on April 10 after the plaintiffs missed multiple deadlines to file consecutive monthly status reports. Lead plaintiff missed two consecutive reporting deadlines Law firms Levi & […]

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Peter Schiff Predicts Gold Will ‘Moon’ While Bitcoin Crashes

Peter Schiff has again taken aim at the crypto community, predicting that gold will “moonâ€� while Bitcoin crashes in coming years. Outspoken crypto skeptic and gold peddler, Peter Schiff, is once again taking aim at the Bitcoin community on Twitter. Schiff predicts that the coming years will see gold ‘moon’ while Bitcoin (BTC) “crashes back to Earth.” ‘Bitcoin bugs’ don’t understand money In a tweet posted on April 11, Peter Schiff predicts a reversal in what he describes as a persistent trend of “Bitcoin hodlers pok[ing] fun […]

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Oobit’s ‘SkyScanner for Bitcoin Trading’ Fails to Meet Expectations

Oobit’s Hunter fails to deliver on ‘skyscanner’ promises and appears to comprise a collection of affiliate links. Peer-to-peer, or P2P, trading platform, Oobit, has launched its purportedly SkyScanner-styled Bitcoin (BTC) price aggregator, Oobit Hunter. Oobit has also launched ‘Pass’ — “a single KYC passport for use on multiple trading platforms” that allows traders to access multiple exchanges simultaneously. Despite bold claims of offering unprecedented trading functionality, Hunter appears to host little more than a collection of affiliate links and a P2P exchange listing that facilitates trade between […]

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